You are right. This company is a HR and we are about to see the details. This is what we have been waiting for patiently all this time.
Here are my random thoughts:
Just changed from a BDC to an operationally reporting company. We are SEC clean.
Padgett #11 big, Padgett #12 bigger, and the Mississippi formation on Nash-Murphy #1 a monster. All connected to the new Injection well, recently approved, and ready for new wells.
Plan is to build out the Padgett and other leases that cover the Mississippi formation as the major point of attack. Here is a thought, what do you think the oil and gas reservers are on the 7000 Barnett Shale acres? Lots, especially with the rich formations found on the Padgett. Didn't they say in the September 2006 announcement that there were five formations?
Then we announce the new lease acquisitions including starting with the well recently permitted, yet unannounced. What a surprise.
ETC.....
Now the question is how does this R/S issue fit in to the advantage of all the shareholders?
CB treats us like a bunch of day traders and to this point doesn't seem to think we need to know. Well, guess what, what goes around comes around. He should be more careful when he tries to cut of the hand that feed him. Now he wants your vote.
Execute first and get the value of this company in line with it assets, resources and potential. We are not a company in distress like TEXG, but rather, an up and coming Jr. O & G company ready to come out of the closet.
Here is a question, why did we not connect Padgett #11 and #12 up to start generating significant revenues/cashflow before now? Don't tell me to save a few bucks from trucking the water. For one reason, I believe, he was/has been holding back, yet now he wants a R/S.
I agree he needs more shares for cash-flow, acquisitions, employee options, but first show me the money.
